Wall Street is obsessing over AI server depreciation… and completely missing what actually drives shareholder wealth.
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In this episode of Wall Street Truthbombs, we break down:
• Why hyperscaler AI spending is NOTHING like the dot-com fiber bubble
• Why Alphabet’s 100-year bond was a strategic power move
• The difference between Return on Assets vs Return on Equity
• Why depreciation is the wrong metric for growth companies
• When AI infrastructure should be analyzed like a utility

The market is staring at the scaffolding while the skyscraper is being built.
If you’re investing in Microsoft, Meta, Amazon, Oracle, or Alphabet — this framework matters.

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